Civic Intelligence

The Byrd Theatre Foundation

990 • Fiscal year 2020 • EIN 31-1806232

Jul 01, 2019 to Jun 30, 2020 • Filed on Feb 02, 2021

P O Box 14860Richmond, VA 23221

(804) 648-5008

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

78th percentile

0.43x

Higher debt load relative to assets than 78% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

88th percentile

1.38x

Higher debt load relative to revenue than 88% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

72nd percentile

19%

Higher net margin than 72% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

37th percentile

$0

Higher top officer pay than 37% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

69th percentile

17%

Faster asset growth than 69% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

37th percentile

-6.3%

Faster revenue growth than 37% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Up

$2,157,495

Up $319,555 (+17%) from 2019

Net Assets

Up

$1,225,367

Up $162,671 (+15%) from 2019

Liabilities

Up

$932,128

Up $156,884 (+20%) from 2019

Revenue

Down

$676,854

Down $45,882 (-6.3%) from 2019

Expenses

Up

$549,961

Up $305,782 (+125%) from 2019

Net Income

Down

$126,893

Down $351,664 (-73%) from 2019

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$3.0M$2.0M$1.0M$0Assets 2010: $1,500,684Liabilities 2010: $1,156,209Net Assets 2010: $344,4752010Assets 2011: $1,533,022Liabilities 2011: $1,155,847Net Assets 2011: $377,1752011Assets 2012: $1,686,481Liabilities 2012: $1,196,232Net Assets 2012: $490,2492012Assets 2013: $1,801,805Liabilities 2013: $1,118,026Net Assets 2013: $683,7792013Assets 2014: $1,770,902Liabilities 2014: $1,098,466Net Assets 2014: $672,4362014Assets 2015: $1,616,118Liabilities 2015: $1,075,904Net Assets 2015: $540,2142015Assets 2016: $1,595,348Liabilities 2016: $1,059,725Net Assets 2016: $535,6232016Assets 2017: $1,642,458Liabilities 2017: $1,038,848Net Assets 2017: $603,6102017Assets 2019: $1,837,940Liabilities 2019: $775,244Net Assets 2019: $1,062,6962019Assets 2020: $2,157,495Liabilities 2020: $932,128Net Assets 2020: $1,225,3672020Assets 2021: $1,935,860Liabilities 2021: $898,560Net Assets 2021: $1,037,3002021Assets 2022: $2,615,720Liabilities 2022: $1,271,577Net Assets 2022: $1,344,1432022Assets 2023: $2,094,923Liabilities 2023: $1,245,020Net Assets 2023: $849,9032023Assets 2024: $2,670,570Liabilities 2024: $1,275,386Net Assets 2024: $1,395,1842024Assets 2025: $2,854,934Liabilities 2025: $1,255,976Net Assets 2025: $1,598,9582025

Highlighted filing

2020

Assets$2,157,495
Liabilities$932,128
Net Assets$1,225,367

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0M$1.0M$0-$1.0MExpenses 2010: $88,3622010Expenses 2011: $80,8022011Expenses 2012: $63,6982012Revenue 2013: $315,566Expenses 2013: $122,036Net Income 2013: $193,5302013Revenue 2014: $383,012Expenses 2014: $157,004Net Income 2014: $226,0082014Revenue 2015: $85,029Expenses 2015: $217,251Net Income 2015: -$132,2222015Revenue 2016: $198,933Expenses 2016: $203,104Net Income 2016: -$4,1712016Revenue 2017: $260,659Expenses 2017: $177,906Net Income 2017: $82,7532017Revenue 2019: $722,736Expenses 2019: $244,179Net Income 2019: $478,5572019Revenue 2020: $676,854Expenses 2020: $549,961Net Income 2020: $126,8932020Revenue 2021: $563,364Expenses 2021: $640,642Net Income 2021: -$77,2782021Revenue 2022: $1,416,918Expenses 2022: $1,110,075Net Income 2022: $306,8432022Revenue 2023: $962,885Expenses 2023: $1,457,125Net Income 2023: -$494,2402023Revenue 2024: $1,982,695Expenses 2024: $1,437,414Net Income 2024: $545,2812024Revenue 2025: $1,609,968Expenses 2025: $1,406,194Net Income 2025: $203,7742025

Highlighted filing

2020

Revenue$676,854
Expenses$549,961
Net Income$126,893
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Feb 2, 2021
Return Version
2019v5.0
Gross Receipts
$730,421
Mission and Program Overview

Mission

To expand the big screen experience, celebrate the art of cinema and preserve Virginia's grand motion picture palace, with a vision to elevate the Byrd's landmark position among American theaters as a center for film that continues to provide the broadest possible public access to exceptional cinematic experiences.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,407,641$1,322,209▼ $85,432
Cash and Non-Interest-Bearing Accounts$299,504$705,991▲ $406,487
Other Notes and Loans Receivable, Net$130,795$129,295▼ $1,500
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$1,837,940$2,157,495▲ $319,555
Other Assets Total-$0-
Liabilities
Unsecured Notes Loans Payable$775,244$762,127▼ $13,117
Grants Payable-$168,846-
Other Liabilities-$1,155-
Total Liabilities$775,244$932,128▲ $156,884
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$997,190$1,159,861▲ $162,671
Net Assets With Donor Restrictions$65,506$65,506→ $0
Total Net Assets Fund Balance$1,062,696$1,225,367▲ $162,671
Total Liabilities and Net Assets / Fund Balance$1,837,940$2,157,495▲ $319,555

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$466,843$356,996$823,839
Leasehold Improvements$234,236$284,937$519,173
Land$443,606-$443,606
Equipment$177,524$65,792$243,316
Compensation and Service Providers

Board Members and Trustees

NameTitle
Steve Taylor1st V President
Martin Davenport2nd V President
Ted HaynesPresident
Andrew AquinoDirector
Beth SchulhofDirector
Felicity BlundonDirector
John SpacekDirector
Mary Ellen StumpfDirector
Mike WestfallDirector
Nancy NewsDirector
Nelson WilliamsDirector
Gibson WorshamImm Past Pres
Susan ReedSecretary
Ben CronlyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$531,008
Program Service Revenue
$0
Investment Income
$8,493
Other Revenue
$137,353
All Other Contributions
$500,333
Change in Net Assets
$126,893
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$448,572
Salaries, Compensation, and Employee Benefits$101,389
Total Fundraising Expense$55,492
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$54,041$27,926$11,170$93,137
Depreciation Depletion$92,743--$92,743
All Other Expenses$37,898$27,315$9,065$74,278
Interest-$37,162-$37,162
Fees for Services Other$12,000$24,000-$36,000
Insurance$17,824$2,228$2,228$22,280
Other Expenses$4,555$7,890$5,488$17,933
Fees for Services Accounting$406$11,888$1,014$13,308
Advertising-$5,981$5,980$11,961
Payroll Taxes$4,296$3,006$950$8,252
Information Technology$1,435$2,872$1,436$5,743
Fees for Services Management-$838-$838
Office Expenses-$626-$626
Total Functional Expenses$313,256$181,213$55,492$549,961
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$140,266
Fundraising Direct Expenses$16,310
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Theatre Operations$116,016$116,016-$116,016
Special Gifts-Other Restricted$24,250$24,250$2,732$21,518
Total Events$170,191$140,266$16,310$123,956
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Rounding$1
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

The organizations process is to review & discuss the Form 990 prior to approving for IRS filing.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

THE BOD Members are required to sign and submit the conflict of interest policy annually. In addition, if a new member is brought in mid-year, they are required t sign and submit the same form at that time.

Form 990, Part VI, Line 18: Explanation of Other Means Forms Available For Public Inspection

Giverichmond.guidestar.org

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

All documents are made available to the public upon request.

Part VI, Line 12C-Enforcement of Conflict of Interst Policy

The BOD members are required to sign and submit the conflict of interest policy annually. In addition, if a new member is brought in mid-year, they are required to sign and submit the same form at that time.

Part VI, Line 19 - Governing Documents Disclosure Explanation

The organization is in the process of making these documents available on their Website, www.byrdtheatrefoundation.org. While that is in the works, All documents are made available to the Public upon request.

Part VI-Line 11B

The Organization's process is to review the Form 990 and discuss prior to approving for IRS Filing.

Filing and Contact Details

Filer

Filer Name
The Byrd Theatre Foundation
EIN
31-1806232
Phone
8046485008
Address
P O Box 14860, Richmond, VA 23221

Signing Officer

Name
Ben Cronly
Title
Treasurer
Signed
2021-02-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ben Cronly
Formed
2002
Legal Domicile
Va
Voting Board Members
12
Independent Board Members
12
Employees
0
Volunteers
10

Preparer

Firm
David H Creasy CPA LLC
Address
2214 Westwood Ave, RICHMOND, VA 23230
Preparer
David H Creasy CPA
Phone
8043088717
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E: Other Expenses

Bank & Credit Card Fees: Column (A) - Total = $2176; Column (B) - Program Services = $0; Column (C) - Management & General = $2176; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

Bldg & Theatre Operations: Column (A) - Total = $4557; Column (B) - Program Services = $4557; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

Concession Supplies: Column (A) - Total = $10974; Column (B) - Program Services = $10974; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

Credit Card Fees: Column (A) - Total = $6928; Column (B) - Program Services = $1732; Column (C) - Management & General = $1732; Column (D) - Fundraising = $3464

Form 990, Part IX, Line 24E: Other Expenses

Dues & Subcriptions: Column (A) - Total = $848; Column (B) - Program Services = $500; Column (C) - Management & General = $348; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

Janitorial: Column (A) - Total = $8110; Column (B) - Program Services = $4540; Column (C) - Management & General = $3320; Column (D) - Fundraising = $250

Form 990, Part IX, Line 24E: Other Expenses

Licenses: Column (A) - Total = $150; Column (B) - Program Services = $128; Column (C) - Management & General = $11; Column (D) - Fundraising = $11

Form 990, Part IX, Line 24E: Other Expenses

Meals-Admission-Sales tax: Column (A) - Total = $8340; Column (B) - Program Services = $4170; Column (C) - Management & General = $4170; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

Occupancy Organ Repairs: Column (A) - Total = $6300; Column (B) - Program Services = $5670; Column (C) - Management & General = $630; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

Personal Property Tax: Column (A) - Total = $9669; Column (B) - Program Services = $0; Column (C) - Management & General = $9669; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

Postage and Shipping: Column (A) - Total = $13352; Column (B) - Program Services = $3672; Column (C) - Management & General = $4839; Column (D) - Fundraising = $4841

Form 990, Part IX, Line 24E: Other Expenses

Printing and Publications: Column (A) - Total = $555; Column (B) - Program Services = $555; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

Program Consulting: Column (A) - Total = $0; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

Telephone : Column (A) - Total = $2319; Column (B) - Program Services = $1400; Column (C) - Management & General = $420; Column (D) - Fundraising = $499

Form 990, Part III, Line 4A-First Accomplishment

Form 990 is Distributed to BOD for review/discussion/approval before filing.

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IRS990/Desc0Restoration and Improvements to the Theatre:Listed on the State and National Registers of Historic Landmarks, the Byrd Theatre opened ninety years ago on December 24, 1928. It has remained operational and nearly unchanged since the day construction was completed. In 2011, the Byrd Theatre Foundation launched a bold initiative to raise the first $1,800,000 for Phase One restoration projects, mortgage reduction and capacity building. Significant achievements included replacement of the roof, replacement of the theater's heating and cooling systems, installation of a digital server, installation of a new state-of-the-art, 4K Projector, ongoing maintenance and repairs on the Mighty Wurlitzer Organ. More recent work has included repair and restoration of the theatre's historic plasterwork, installation of a point-of-sale-system at the theater, replacement of the theatre's center section of seats in the main auditorium, creation of a wheelchair accessible seating area and construction of and ADA family restroom on the first floor of the theater.
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IRS990/Form990PartVIISectionAGrp/PersonNm4Susan Reed
IRS990/Form990PartVIISectionAGrp/PersonNm5Gibson Worsham
IRS990/Form990PartVIISectionAGrp/PersonNm6Andrew Aquino
IRS990/Form990PartVIISectionAGrp/PersonNm7Felicity Blundon
IRS990/Form990PartVIISectionAGrp/PersonNm8Nancy News
IRS990/Form990PartVIISectionAGrp/PersonNm9Beth Schulhof
IRS990/Form990PartVIISectionAGrp/PersonNm10John Spacek
IRS990/Form990PartVIISectionAGrp/PersonNm11Mary Ellen Stumpf
IRS990/Form990PartVIISectionAGrp/PersonNm12Mike Westfall
IRS990/Form990PartVIISectionAGrp/PersonNm13Nelson Williams
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IRS990/Form990PartVIISectionAGrp/TitleTxt0President
IRS990/Form990PartVIISectionAGrp/TitleTxt11st V President
IRS990/Form990PartVIISectionAGrp/TitleTxt22nd V President
IRS990/Form990PartVIISectionAGrp/TitleTxt3Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt4Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt5Imm Past Pres
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director
IRS990/Form990PartVIISectionAGrp/TitleTxt10Director
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IRS990/MissionDesc0To expand the big screen experience, celebrate the art of cinema and preserve Virginia's grand motion picture palace, with a vision to elevate the Byrd's landmark position among American theaters as a center for film that continues to provide the broadest possible public access to exceptional cinematic experiences.
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IRS990/OtherExpensesGrp/Desc2Repairs & Maintenance
IRS990/OtherExpensesGrp/Desc3Utilities
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IRS990/OtherExpensesGrp/TotalAmt146150
IRS990/OtherExpensesGrp/TotalAmt235940
IRS990/OtherExpensesGrp/TotalAmt317933
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IRS990/PartialLiquidationInd0false
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IRS990/PrincipalOfficerNm0Ben Cronly
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IRS990/ProgSrvcAccomActy2Grp/Desc0Evolving the Byrd as a Center for Film, Film Literacy and Program Expansion:The plan calls for capitalizing more on the Byrd as an experience, as an historic and cultural resource and as a museum of cinema, based on its unique collection of historic film equipment, projectors and Wurlitzer organ. In addition, the Foundation has been expanding partnerships with universities and other organizations on film offerings, testing various film series, and introducing more public education and scholarship into our offerings.Steadily, the Byrd is evolving as the region's public Center for Film and Film Literacy.
IRS990/ProgSrvcAccomActy3Grp/Desc0Capacity Building for Growth:The Foundation is engaged in reducing and refinancing the mortgage held by the previous owner. A former donor in Phase One of restoration has now committed an additional $500,000 -- $250,000 of which is to reduce the mortgage to $750,000 for refinancing purposes. An immediate impact includes monthly cash flow relief and about $25,000 in annual revenues. The remainder of the $500,000 gift will be used for capacity building and growth. A dedicated and diversely skilled volunteer board of directors leads the Foundation. While there is not yet staff directly employed, the Foundation has engaged a contract who manages development and provides foundation support. Additionally, the Foundation is developing a contractor position to manage marketing.
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.85$1.26$1.60$1.61$1.41$0.20
2024Detailed filing. Detailed filing data is available for this year.$2.67$1.28$1.40$1.98$1.44$0.55
2023Detailed filing. Detailed filing data is available for this year.$2.09$1.25$0.85$0.96$1.46$0.49
2022Detailed filing. Detailed filing data is available for this year.$2.62$1.27$1.34$1.42$1.11$0.31
2021Detailed filing. Detailed filing data is available for this year.$1.94$0.90$1.04$0.56$0.64$0.08
2020Detailed filing. Detailed filing data is available for this year.$2.16$0.93$1.23$0.68$0.55$0.13
2019Detailed filing. Detailed filing data is available for this year.$1.84$0.78$1.06$0.72$0.24$0.48
2017Detailed filing. Detailed filing data is available for this year.$1.64$1.04$0.60$0.26$0.18$0.08
2016Detailed filing. Detailed filing data is available for this year.$1.60$1.06$0.54$0.20$0.20$0.00
2015Detailed filing. Detailed filing data is available for this year.$1.62$1.08$0.54$0.09$0.22$0.13
2014Detailed filing. Detailed filing data is available for this year.$1.77$1.10$0.67$0.38$0.16$0.23
2013Detailed filing. Detailed filing data is available for this year.$1.80$1.12$0.68$0.32$0.12$0.19
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.69$1.20$0.49$0.06
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.53$1.16$0.38$0.08
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.50$1.16$0.34$0.09